Strategies for investment in the Australian macadamia industry: Development and evaluation of an objective investment appraisal software model

Article


Slaughter, G. J. and Mulo, S.. 2012. "Strategies for investment in the Australian macadamia industry: Development and evaluation of an objective investment appraisal software model." AFBM Journal (Agricultural Business Management and Farming Systems). 9 (2), pp. 57-69.
Article Title

Strategies for investment in the Australian macadamia industry: Development and evaluation of an objective investment appraisal software model

Article CategoryArticle
AuthorsSlaughter, G. J. (Author) and Mulo, S. (Author)
Journal TitleAFBM Journal (Agricultural Business Management and Farming Systems)
Journal Citation9 (2), pp. 57-69
Number of Pages13
Year2012
Place of PublicationWagga Wagga, Australia
Web Address (URL)http://www.csu.edu.au/__data/assets/pdf_file/0006/429702/AFBMJournal-Vol9-No2-2012-05.pdf
Abstract

This paper describes the development and application of a dynamic financial appraisal software model, known as the Financial Planner for Macadamia. This whole farm financial model for macadamia farming integrates both the investment and financing decisions of project appraisal into a single software package. This enables the viability of potential investments to be evaluated in terms of net present value and internal rate of return, as well as the most appropriate financing options to ensure sufficient cash flows over the life of a project. Investment scenarios can also be directly compared and sensitivity analyses undertaken to provide further insights into the robustness of potential business scenarios over time. The Financial Planner for Macadamia was developed in response to the limited tools available to assist farmers, investors and financiers to make objective investment decisions in the Australian Macadamia Industry.

Keywordsinvestment analysis; cash budget; profile comparison; sensitivity analysis
ANZSRC Field of Research 2020380101. Agricultural economics
300208. Farm management, rural management and agribusiness
350208. Investment and risk management
Public Notes

Papers published in AFBM Journal have a shared copyright between the author(s) and Charles Sturt University.

Byline AffiliationsSchool of Accounting, Economics and Finance
Department of Primary Industries, Queensland
Institution of OriginUniversity of Southern Queensland
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